The Peterborough Community Futures Development Corporation (PCFDC) is a federally funded lending agency providing loans of up to $150,000 to small businesses in the City and County of Peterborough. The Peterborough CFDC has invested more than $20,000,000 helping 700+ small businesses create or maintain 2600+ jobs since 1985.
To obtain more information about any of our loan programs, call 705-745-5434
You can set up an appointment to discuss your financing requirements - there is no obligation to apply for a loan and our business consulting services are free of charge.
Peterborough CFDC Loan Programs
Access To Capital
The Peterborough CFDC "Access To Capital" program provides qualified borrowers loans up to $150,000. The Access To Capital program is available to business owners when financing from other sources is insufficient.
Business Improvement Loans
The Peterborough CFDC “BIL” program provides qualified borrowers loans up to $7,500 @ 0 %
The Business Improvement Loan (BIL) has been developed by the Peterborough Community Futures Development Corporation (PCFDC) to assist local businesses and social enterprises with physical improvements to existing facilities.
In order to qualify for a Business Improvement Loan you must meet specific criteria and follow the loan guidelines.
a new sign on a store front
a renovation for the purpose of expanding a retail operation
the creation of a showroom or counter to add to your sales volume
upgrading of windows
a new demonstration facility for your operation
a ramp to help with customer accessibility
cosmetic improvement to a structure or space
There may be other activities which are involved in your project so ensure that all project costs are clearly detailed within your loan application.
Micro Loans - Up To $10,000
The Peterborough CFDC “micro loan” program provides qualified borrowers business loans up to $10,000 for their business needs.
To be considered for a loan from the Peterborough CFDC, you must:
- be planning to locate, start or expand business operations in the City or County of Peterborough
- have reasonable security
- have a solid credit history
- have a business number
Loan Application Process:
Complete applications (application form, cash flow and business plan), along with the application fee ($50) must be received by the first Tuesday of the month.
Your application will be reviewed by a Loans Officer who will present it to our Board of Directors on the third Tuesday of every month. A decision is made on your application at this meeting and you will be contacted by a Loans Officer with the next steps.
Please also complete a Cash Flow Statement to include with your Loan Application:
If you can't edit Microsoft Word or Excel files, please call us and we would be happy to email you a different format.
Did You Know?
There are 269 CFDC offices across Canada - 61 in Ontario. We are all community-based, not-for-profit organizations. All CFDC financing decisions are made at the community level by the local boards of directors who are familiar with their communities' needs, concerns and future development priorities.